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Capula Management Portfolio holdings

AUM $14.1B
1-Year Est. Return 19.14%
This Fund
S&P 500
This Quarter Est. Return
+8.68%
1 Year Est. Return
+19.14%
3 Year Est. Return
+85.66%
5 Year Est. Return
+76.65%
10 Year Est. Return
+131.38%
AUM
$20.1B
AUM Growth
+$9.32B
Cap. Flow
+$8.06B
Cap. Flow %
40.12%
Top 10 Hldgs %
64.86%
Holding
920
New
289
Increased
404
Reduced
93
Closed
127

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.79B
2
MSTR icon
Strategy Inc
MSTR
+$651M
3
UNH icon
UnitedHealth
UNH
+$291M
4
COIN icon
Coinbase
COIN
+$170M
5
QQQ icon
Invesco QQQ Trust
QQQ
+$151M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$84.6M
2
K
Kellanova
K
+$32.6M
3
BPMC
Blueprint Medicines
BPMC
+$20M
4
ESGR
Enstar Group
ESGR
+$12M
5
APP icon
Applovin
APP
+$10.1M

Sector Composition

Rank Sector Weight
1 Technology 6.26%
2 Healthcare 1.91%
3 Financials 1.84%
4 Consumer Discretionary 1.48%
5 Communication Services 0.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VRT icon
176
Vertiv
VRT
$112B
$3.99M 0.02%
26,416
+21,616
+450% +$2.88M
FSLR icon
177
PUT
First Solar
FSLR
$21.8B
$3.97M 0.02%
+18,000
New +$3.45M
ASML icon
178
CALL
ASML
ASML
$675B
$3.97M 0.02%
+4,100
New +$3.22M
QCOM icon
179
CALL
Qualcomm
QCOM
$176B
$3.96M 0.02%
23,800
+10,000
+72% +$1.59M
PYPL icon
180
PUT
PayPal
PYPL
$49.5B
$3.95M 0.02%
58,900
+1,100
+2% +$77.5K
UAA icon
181
Under Armour
UAA
$3B
$3.89M 0.02%
+778,868
New +$4.54M
ULTA icon
182
CALL
Ulta Beauty
ULTA
$20.4B
$3.83M 0.02%
+7,000
New +$3.59M
AMAT icon
183
CALL
Applied Materials
AMAT
$426B
$3.66M 0.02%
17,900
+14,900
+497% +$2.7M
GDX icon
184
VanEck Gold Miners ETF
GDX
$23B
$3.6M 0.02%
47,108
-6,268
-12% -$377K
ADSK icon
185
PUT
Autodesk
ADSK
$44.3B
$3.59M 0.02%
11,300
+10,800
+2,160% +$3.29M
LIN icon
186
PUT
Linde
LIN
$237B
$3.47M 0.02%
7,300
+6,100
+508% +$2.89M
NFLX icon
187
Netflix
NFLX
$292B
$3.37M 0.02%
28,150
+20,110
+250% +$2.45M
INTU icon
188
PUT
Intuit
INTU
$81.1B
$3.35M 0.02%
4,900
+4,200
+600% +$3.03M
BKNG icon
189
PUT
Booking.com
BKNG
$138B
$3.24M 0.02%
15,000
+12,500
+500% +$2.79M
BAC icon
190
Bank of America
BAC
$435B
$3.23M 0.02%
62,685
+57,094
+1,021% +$2.79M
MRVL icon
191
Marvell Technology
MRVL
$174B
$3.19M 0.02%
37,939
+22,439
+145% +$1.65M
PEP icon
192
PUT
PepsiCo
PEP
$186B
$3.19M 0.02%
22,700
+19,200
+549% +$2.74M
INDA icon
193
iShares MSCI India ETF
INDA
$6.71B
$3.18M 0.02%
61,100
-40,775
-40% -$2.18M
ALNY icon
194
Alnylam Pharmaceuticals
ALNY
$36.3B
$3.14M 0.02%
+6,888
New +$2.8M
SCHW
195
PUT
Charles Schwab
SCHW
$177B
$3.07M 0.02%
32,200
+28,600
+794% +$2.71M
HOOD icon
196
PUT
Robinhood
HOOD
$85.2B
$3.06M 0.02%
21,400
-8,600
-29% -$938K
TXN icon
197
CALL
Texas Instruments
TXN
$255B
$3.03M 0.02%
16,500
+15,400
+1,400% +$3.01M
ISRG icon
198
PUT
Intuitive Surgical
ISRG
$121B
$3M 0.01%
6,700
+5,700
+570% +$2.74M
NEE icon
199
PUT
NextEra Energy
NEE
$187B
$2.97M 0.01%
39,300
+34,000
+642% +$2.48M
AMD icon
200
Advanced Micro Devices
AMD
$851B
$2.9M 0.01%
+17,905
New +$2.89M
6 7
8
9 10

Similar funds

X
Xponance Philadelphia, Pennsylvania $14.1B AUM 30.11% 1-Year Est. Return
BIP
Brandes Investment Partners La Jolla, California $14.1B AUM 25.52% 1-Year Est. Return
FGP
Freestone Grove Partners San Francisco, California $14.2B AUM 24.58% 1-Year Est. Return
TI
Trexquant Investment Stamford, Connecticut $13.9B AUM 31.98% 1-Year Est. Return
SSA
Schonfeld Strategic Advisors New York $14.2B AUM 37.17% 1-Year Est. Return
SAM
Silvercrest Asset Management New York $13.8B AUM 28.39% 1-Year Est. Return
BBVA
Banco Bilbao Vizcaya Argentaria Madrid, Spain $14.3B AUM 26.23% 1-Year Est. Return
IFP
Independent Franchise Partners London, United Kingdom $14.3B AUM 3.49% 1-Year Est. Return

Capula Management's Q3 2025 Portfolio in Review

As of Q3 2025, Capula Management held 920 positions worth $20.1B, up 87% from $10.8B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Capula Management deployed $8.06B of net new capital in Q3 2025, opening 289 new positions and adding to 404 existing holdings. Its largest new stake was Coinbase: 501,397 shares worth $169M.

By sector, the portfolio is most concentrated in Technology at 6.3% of assets, up from 0.2% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $84.6M trimmed.

  • Capula Management's largest Q3 2025 buy was Coinbase: 501,397 shares worth $169M.
  • Capula Management added most to iShares Core S&P 500 ETF in Q3 2025, an estimated $1.79B increase.
  • Capula Management's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $84.6M.
  • Capula Management fully exited Kellanova in Q3 2025, selling an estimated $32.6M.
  • Capula Management's ten largest holdings make up 65% of its $20.1B portfolio in Q3 2025.
  • Capula Management opened 289 new positions and closed 127 in Q3 2025.
  • Capula Management's portfolio value rose 87% quarter-over-quarter to $20.1B.

Based on Capula Management's 13F filing for Q3 2025, filed 14 Nov 2025.